Humana AB (Sweden) Market Value
| HUM Stock | SEK 36.90 0.50 1.37% |
| Symbol | Humana |
Humana AB 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Humana AB's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Humana AB.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Humana AB on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding Humana AB or generate 0.0% return on investment in Humana AB over 180 days. Humana AB is related to or competes with Attendo AB, Ambea AB, Inwido AB, AcadeMedia, and Byggmax Group. Humana AB , together with its subsidiaries, provides individual and family care services for children, adolescents, and ... More
Humana AB Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Humana AB's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Humana AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.048 | |||
| Maximum Drawdown | 12.16 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 3.66 |
Humana AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humana AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humana AB's standard deviation. In reality, there are many statistical measures that can use Humana AB historical prices to predict the future Humana AB's volatility.| Risk Adjusted Performance | 0.0774 | |||
| Jensen Alpha | 0.1225 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.05 | |||
| Treynor Ratio | 0.2627 |
Humana AB Backtested Returns
Humana AB appears to be very steady, given 3 months investment horizon. Humana AB holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Humana AB, which you can use to evaluate the volatility of the firm. Please utilize Humana AB's Downside Deviation of 1.93, market risk adjusted performance of 0.2727, and Risk Adjusted Performance of 0.0774 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Humana AB holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Humana AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Humana AB is expected to be smaller as well. Please check Humana AB's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Humana AB's current trending patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Humana AB has excellent reverse predictability. Overlapping area represents the amount of predictability between Humana AB time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Humana AB price movement. The serial correlation of -0.81 indicates that around 81.0% of current Humana AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 4.06 |
Humana AB lagged returns against current returns
Autocorrelation, which is Humana AB stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Humana AB's stock expected returns. We can calculate the autocorrelation of Humana AB returns to help us make a trade decision. For example, suppose you find that Humana AB has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Humana AB regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Humana AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humana AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humana AB stock over time.
Current vs Lagged Prices |
| Timeline |
Humana AB Lagged Returns
When evaluating Humana AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humana AB stock have on its future price. Humana AB autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Humana AB autocorrelation shows the relationship between Humana AB stock current value and its past values and can show if there is a momentum factor associated with investing in Humana AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Humana Stock Analysis
When running Humana AB's price analysis, check to measure Humana AB's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Humana AB is operating at the current time. Most of Humana AB's value examination focuses on studying past and present price action to predict the probability of Humana AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Humana AB's price. Additionally, you may evaluate how the addition of Humana AB to your portfolios can decrease your overall portfolio volatility.